I'm a firm believer in cryptocurrency, particularly Bitcoin and Ethereum. Since 2018, I've spent considerable time mining Ethereum on and off. While I did invest in Ethereum and saw success, my primary focus was on mining cryptocurrency. This choice stemmed from my positive view on cryptocurrency, despite finding the asset's value fluctuations too volatile for my risk profile. In hindsight, I wish I had the epiphany I'm about to share much earlier, but it's still quite early days.

So, what exactly is Bitcoin? Beyond its utility as a currency for purchasing goods and services, Bitcoin holds a crucial status as an asset class. This attribute allows Bitcoin to appreciate in value over time, merely by holding it in your account. Another critical aspect is its limited supply; there will only ever be a finite amount of Bitcoin produced. Initially, I pondered whether this limited supply would cap Bitcoin's value. However, the absence of an atomic value, unlike traditional currencies like the US dollar with its penny, sets Bitcoin apart.

In a digital currency landscape, Bitcoin's value doesn't adhere to a fixed atomic denomination. Instead, transactions can occur in fractional terms, ranging from one millionth to even one billionth of a Bitcoin. As Bitcoin continues to grow, its value relative to traditional currencies expands, resulting in transactions occurring in increasingly smaller fractional terms.

Contrastingly, traditional economies rely on the Federal Reserve, which historically detached the relationship between the dollar and gold to support exponential economic growth. Consequently, massive money printing ensued to sustain such growth. Bitcoin, however, operates differently. Its value dynamically fluctuates based on supply and demand, independent of centralized control. Even as the last Bitcoin is mined, its value will continue to evolve, adapting to market forces.

Unlike the Federal Reserve, which struggles to predict the optimal money supply for a growing economy, Bitcoin's decentralized nature ensures its value adjusts seamlessly to market conditions. This inherent adaptability aligns with the ever-changing dynamics of the economy, creating a symbiotic relationship between Bitcoin's growth and the broader economic landscape.

As we overcome regulatory hurdles and establish trust and accessibility in purchasing goods and services with Bitcoin, its potential for growth becomes increasingly evident. While the Federal Reserve explores digital currency options, Bitcoin's first-mover advantage positions it favorably in the digital currency arena. Though governmental initiatives may take years to materialize, Bitcoin's foundations are already firmly established.